Patsystems, the trading and risk management solutions provider to the derivatives industry, is pleased to announce the launch of its latest Patsystems XConnect hub in London.
Patsystems XConnect is Patsystems’ global, fully-managed Application Service Provider (ASP) network. Patsystems XConnect provides customers with low-latency connectivity to the world’s leading futures markets and access to Patsystems’ suite of front-end trading tools without the need to invest in hardware infrastructure or related technical support resources.
The new London data centre is in addition to existing Patsystems XConnect hubs in Chicago, Hong Kong, Singapore, Sydney and Tokyo. All Patsystems XConnect hubs are connected using Patsystems XLink technology, which allows for seamless exchange connectivity and order routing between any Patsystems XConnect hub or client site.
Patsystems XConnect in London runs on scalable architecture that can support any number of users. It is a high availability, fully resilient system that employs sophisticated performance monitoring tools. Upon launch, the London hub will offer connectivity to over 20 futures exchanges globally, including connectivity to some of Europe’s leading markets, such as the London Metal Exchange.
Graeme Neilly, Patsystems Director of Global Account Management, said: “London is an important addition to our global Patsystems XConnect offering, serving as an access point for European market connectivity. In addition, the London ASP enables Patsystems to extend our offerings to a wider range of financial institutions, including those who are not candidates for a traditional implementation model or prefer hosted technology solutions.”